A'ayan Real Estate board proposes 5% bonus shares for FY10
Kuwait Stock Exchange (KSE) announces that the board of A'ayan Real Estate Co., in a meeting held yesterday, Wednesday, 23/03/2011, endorsed the financial statements for the fiscal year that ended on 31/12/2010 as follows:
1) Financial results:
Item
|
FY ended 31/12/2010
|
FY ended 31/12/2009
|
Profit (KWD)
|
1,857,945
|
3,089,435
|
EPS (fils)
|
5
|
8
|
Total current assets
|
91,327,229
|
78,776,072
|
Total assets
|
138,560,147
|
134,061,818
|
Total current liabilities
|
62,101,936
|
59,395,746
|
Total liabilities
|
66,949,128
|
65,419,979
|
Total shareholders’ equity
|
70,263,369
|
68,641,839
|
Total revenue and expenses of dealings with related parties reached KWD 692,726 and KWD 298,385 respectively.
2) Proposed dividend:
The board recommended distributing bonus shares for FY10 at 5% of paid-in capital, or 5-for-100, to shareholders of record on the general meeting date. The proposal is pending the approval of shareholder meeting and competent authorities.
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